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Japan Looks To Distributed Control Theory To Manage Energy Market Deregulation
Hallie Siegel writes: Japan's power industry is currently centralized, but it aims to deregulate by around 2020. Coupled with this major structural market change, the expansion of thermal, nuclear and renewable power generation will place additional demands on the management of the country's energy market. Researchers from the Namerikawa lab at Keio University are working with control engineers, power engineers and economists to designing mechanical and control algorithms that can manage this large-scale problem.
You don't see the bigger picture here. There are certain segments of market that NEED to be regulated. 2008 finance crisis was because of deregulation's in finance market. 90% of products do not need to be regulated, but energy,finance etc. are not one of them.
I'd be impressed if they can figure out how to link the east side of the country (50 Hz) with the west (wired later at 60 Hz).
Since unregulated derivatives markets were to blame for the collapse, no it's not sad. What is sad is ass-holes like you who don't understand that unregulated markets do not operate in their own best interests.
Regulation is required for free markets. And example of a free market gone haywire due to lax or no regulation was the housing market. And without the FDA, you'd feel perfectly safe getting your prescriptions from Joe's Medical Stuff and Bait Store, right? Or maybe you wish to turn safety entirely over to the airlines so that an acceptable level of crashes that can be insured against would work for you. Your car company would never think to cut corners and get you killed dead because they could save on not installing proper safety equipment in their vehicles. Your bank account need not be insured by the FDIC because you mistakenly stuck your money in a bank whose owners absconded with your loot. The food you eat need not be inspected regularly to keep your death from being the result of bad processing. The guard rails on your way to work don't need any standard over keeping you from your freedom to plow straight down a ravine into that swiftly flowing river. The next hurricane won't bother you because you'll be safe in your house which didn't need to conform to hurricane building standards, also see earthquakes.
Your grandmother can come and live with you because of the nursing home fire which was caused because the owners didn't need to conform to fire protection standards. And, by the way, it wiped out the money she kept in her room which was destined for you in her will but which she didn't trust a bank to keep and hence kept it in large denomination bills which, tragically, met their end in the fire.
Need I continue?